Question

in 2015, the population of a small town in florida is 95. if the population increases 15% very year, approximately what will the population be in 2023?

Answer 1

Answer:

The approximate population of the town in 2023 will be 291

Step-by-step explanation:

In 2015, the population of a small town in Florida is 95

So, The population of a small town in Florida = 95

Now, The increase in the population of a small town in Florida is 15%

We need to find the approximate population of the small town in 2013

Number of years from 2015 to 2023 = 8 years

So, we need to find the population increase in 8 years with the rate of 15%

Thus, The increased population = initial population × ( 1 + 15%)^8

⇒ The increased population = 95 × 1.15^8

                                                = 290.61 ≈ 291

Therefore, The approximate population of the town in 2023 will be 291